Niles, MI

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Niles short-term rental market based on reliable data.

Listings

47 / 100

Reliable / Active

Cap Rate

12%

Middle-Earners Gross Yield

Revenue

$24,126

Middle-Earners Revenue

Occupancy

51%

Middle-Earners Occupancy

Home Value

$195,151

Median Home Sale Price

Top Earners

$47,530

Top-Earners Revenue

Niles

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Niles.

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B

Generally Investor friendly

Niles Regulations

Niles Charter Township provides clear, explicit legal framework for STRs with a comprehensive 2023 ordinance, but requires annual zoning compliance permits with moderate documentation, safety certifications, parking improvements, and 24/7 availability/response requirements. The regulations are limited to specific single-family residential zones (AP, RP, R-1A, R-1B) with operational restrictions like hard-surface parking and local agent requirements if owner lives >20 miles away, creating manageable but notable compliance costs and complexity for investors.

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About Niles

Niles is a city in Berrien and Cass counties in the U.S. state of Michigan, near the Indiana state line city of South Bend. The population was 11,988 according to the 2020 census. It is the larger, by population, of the two principal cities in the Niles-Benton Harbor metropolitan area, an area with 153,797 people.

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